1. Business & Economy

Business & Economy

‘Do what India needs’: Noel Tata on Tata Trusts’ roadmap

Bengaluru: Declaring that businesses must ultimately serve society and not merely generate wealth, Tata Trusts Chairman, Noel Tata on Sunday spoke about the roadmap for India’s largest philanthropic organisation, signalling a strategic intent towards creating…

RBI revises deposit rules to enhance transparency, uniformity; new norms effective October 1

Mumbai:The Reserve Bank of India (RBI) has revised the regulatory framework governing deposit interest rates, introducing measures aimed at enhancing transparency and ensuring uniform treatment of depositors across banks. The new rules, notified on Friday,…

India remains key equity bet for wealthy Gulf NRIs: Report

Mumbai: India continues to remain a key equity investment destination for wealthy non-resident Indians (NRIs) in the Gulf, even as they increasingly diversify their portfolios into global liquid assets, private equity and international markets, a…

7.7 pc growth rate despite West Asia crisis reflects India’s inherent strength, says PM Modi

New Delhi: Prime Minister Narendra Modi on Monday said that India maintaining a growth rate of 7.7 per cent despite the West Asia crisis reflects India’s “inherent strength” and “offers a reflection of the enthusiasm…

AI will transform, not diminish, India’s IT services industry: Anand Mahindra

New Delhi: Tech Mahindra Chairman Anand Mahindra has dismissed concerns that artificial intelligence (AI) will undermine India’s IT services industry, asserting that the sector’s role will evolve and become even more significant as enterprises increasingly…

Historic cargo service between Kolkata and Nepal’s Biratnagar begins

Kathmandu: A first-ever rail cargo service between Kolkata and Biratnagar, an eastern city in Nepal, officially began on Friday, marking a major milestone in facilitating imports from third countries under the Nepal–India Transit Treaty.  …

‘Phone banking’ during UPA rule resulted in huge NPAs: FM Nirmala Sitharaman

Amaravati: Union Finance Minister Nirmala Sitharaman alleged on Friday that ‘phone banking’ during the UPA rule resulted in huge NPAs, pushing banks into losses.   She said that between 2004 and 2014, the Central government…

US Federal Reserve keeps rates unchanged

Washington: US Federal Reserve Chairman Kevin Warsh told Congress that the central bank would bring inflation under control, as policymakers held interest rates steady and signalled a sweeping review of monetary policy practices. Making his…

India-UK FTA to make British goods cheaper and boost Indian exports from July 15

New Delhi: The India-UK Comprehensive Economic and Trade Agreement (CETA) will come into force on Wednesday, paving the way for cheaper British goods in India while granting Indian exporters near-total duty-free access to the UK…

Oil prices surge three per cent amid escalating US-Iran tensions

Washington: Oil prices rose more than 3 per cent as the United States and Iran exchanged fresh strikes, renewing fears of disruption in the Strait of Hormuz, a critical route for global energy supplies. US…

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